AMERICAN ECONOMIC LIBERTIES PROJECT

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

NIDHI HEGDE

Phone

5033478728

Tax Period

2023-01-01 to 2023-12-31

AMERICAN ECONOMIC LIBERTIES PROJECT, founded in 2019, is a community nonprofit in the Community Improvement sector that reported $3.9M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $595K, a strong 15% operating margin.

Mission

THE AMERICAN ECONOMIC LIBERTIES PROJECT'S EDUCATIONAL AND CHARITABLE PURPOSES ARE TO RESEARCH ECONOMIC CONCENTRATION IN AMERICA, AND STUDY THE HISTORY OF COMPETITION POLICY, FROM THE FOUNDING UNTIL TODAY.

Program Service Accomplishments

Program 1

Expenses: $2,885,983 Revenue: $16,784

TO SUPPORT ITS EDUCATIONAL AND CHARITABLE PURPOSES, AELP'S POLICY WORK CONTINUED TO FOCUS ON ISSUES LIKE ANTITRUST REFORM, JUNK FEES, DRUG PRICING AND SHORTAGES, NONCOMPETES, DIGITAL TRADE, LABOR AND INDUSTRIAL POLICY. AELP PRODUCED 50 REPORTS, POLICY BRIEFS, ACADEMIC PAPERS, POLICY DIGESTS, AND FACT SHEETS, SUBMITTED 10 COMMENTS TO VARIOUS AGENCIES, AND LED OR JOINED 45 LETTERS ON KEY POLICY FIGHTS,. AELP ALSO HOSTED 17 POLICY BRIEFINGS ON TOPICS SUCH AS DOJ'S TRIAL AGAINST GOOGLE, THE HARMS OF PHARMACY BENEFIT MANAGERS, AND HOW TO BAN JUNK FEES.TO SHAPE THE NARRATIVE AROUND ADDRESSING CORPORATE POWER BROADLY AND A NUMBER OF POLICY GOALS SPECIFICALLY, AELP'S PROLIFIC STRATEGIC COMMUNICATIONS OPERATION INCLUDED 78 ARTICLES AND OP-EDS, 823 EARNED PRINT MENTIONS AND 99 TV, RADIO AND PODCAST HITS, VIDEO PARTNERSHIPS WITH OTHER NONPROFITS THAT GENERATED 1.7 MILLION SOCIAL MEDIA VIEWS, SUPPORTED STAFF NEWSLETTERS WITH ALMOST 108,000 SUBSCRIBERS, AND MORE THAN 3.49 MILLION TWITTER IMPRESSIONS. AELP WORKS IN PARTNERSHIP WITH ALLIED ORGANIZATIONS ON POLICY PRIORITIES, ISSUE CAMPAIGNS, AND EVENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,898,196

Program Service Revenue $16,784

Investment Income $0

Other Revenue $8,701

TOTAL REVENUE $3,923,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,318,536

Fundraising Expenses $36,453

Program Expenses $2,885,983

Other Expenses $1,009,884

TOTAL EXPENSES $3,328,420

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,923,681	$2,751,173	+0.4%
Expenses	$3,328,420	$2,876,046	+0.2%
Net Income	$595,261	$-124,873	-5.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$127,852

Total Directors

$48,685

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSS BAIRD	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
LAURA CAMPOS	SECRETARY & TREASURER	1.00	Officer Director	$0	$0	$0
BRANDI COLLINS-DEXTER	DIRECTOR	1.00	Director	$0	$0	$0
LALEH ISPAHANI	DIRECTOR	1.00	Director	$0	$0	$0
RONALD NEWMAN	DIRECTOR	1.00	Director	$0	$0	$0
SARAH MILLER	EXECUTIVE DIRECTOR (THRU 3/23)	40.00	Officer Director	$46,729	$1,956	$48,685
FAIZ SHAKIR	INTERIM EXECUTIVE DIRECTOR (FROM 3/23)	20.00	Officer	$79,167	$0	$79,167
NIDHI HEGDE	MANAGING DIRECTOR	40.00	Highest	$152,424	$22,276	$174,700
LORI WALLACH	DIRECTOR, RETHINK TRADE	40.00	Highest	$141,816	$23,536	$165,352
MATTHEW STOLLER	DIRECTOR, RESEARCH	40.00	Highest	$131,835	$24,112	$155,947
MORGAN HARPER	DIRECTOR, POLICY & ADVOCACY	40.00	Highest	$127,446	$13,635	$141,081
KATHERINE VAN DYCK	SENIOR LEGAL COUNSEL	40.00	Highest	$119,677	$37,435	$157,112

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$3,923,681	$3,328,420	$3,423,213	$595,261
2022	$2,751,173	$2,876,046	$2,844,932	$-124,873
2021	$3,370,226	$1,611,301	$2,531,356	$1,758,925
2020	$2,160,517	$1,408,761	$762,071	$751,756